fishinfool said:
SIRI. yah, fishinfool, nice steady uptrend since late april. fast movers are scary, often going down as fast as they go up, but SIRI is nice and even growth- maybe ideal for your long-term goals. also they're nasdaq, not pinks or otcbb; that's a good sign.
SIRI CHART They could be looking at some resistance around $7 (probably this week) and price may stall or even drop slightly (to maybe $5.50) but unless it falls below $5 I'd see no need to fret- in almost all growth there are brief periods of accumulation (buyup at low) and distribution (selloff at high). If I bought this now I'd put in (or have my broker put in) a stop loss sell order at $5. Then, when it starts upward again, buy back in. Co has very strong cash position, a plus. Its RSI (Relative Strength Index) suggests it is priming to climb some more after this brief likely dip i mentioned. As a swing trader, i'm not much good at long term forecasts, but fyi, the consensus of nasdaq analysts is for a $6.50 price within a year (as i said, i see $7 pretty soon).
ANALYST OPINION . So just keep an eye on communication industry developments, huh? Changeable market. One day's hot item can be the next day's dud. hope this helped...
